Vice Media plans to shut hundreds of jobs as its stops publishing on Vice.com. Mr Dixon expressed Vice plans to “partner with established media companies to distribute our digital content”

In May the firm filed for bankruptcy in the US and was bought by Fortress Investment Group.

Media companies including Los Angeles Times, Channel 4 and Business Insider have also cut jobs this year.

The company continue to sell the business Mr Dixon told.

Mr Dixon said Vice plans to ” partner with established media companies to distribute our digital content”

“Regrettably this mean that we will be decreasing our workforce eliminating hundred positions.”

Launched in 1994 as fringe magazine calle Voice of Montreal by Shane Smith, Suroosh Alvi, Gavin McInnes Vice Media operates in 30 countries.

The company was valued at $5.7 bn in 2017 and once heralded as part of vanguard of companies set to disrupt traditional media landscape with edgy youth focused content spanning print, online, TV, films and music.

Launched in 1994 as fringe magazine called Voice of Montreal by Shane Smith Surrosh Alvi, Gavin McInnes Vice Media operates in over 30 countries.

Before filing for Chapter 11 bankruptcy protection a procedure which postpones a US company obligation to its creditors Vice declared layoffs by shutting down its flagship TV programme.

Most recent content include documentary about controversial influencer Andrew Tate and movie about Ukraine President. Volodymyr Zelensky by actor Sean Penn.

The company revenues have been down for some years and it has struggled to turn a profit. Vice plans to go public through merger also failed.

Vice would attract millions of your person through social media such as Instagram and Facebook.

The firms production included My Journey inside the Islamic State in which a Vice media person filmed alongside terror group in Syria.